Disney Analyst Cuts Stock on "Longer" Pandemic Hit, Sees Cinemas "Largely Closed" Until Mid-2021

Jill Goldsmith Co-Business EditorWalt Disney’s chief executive and its CFO said the dramatic spike in Florida COVID-19 infections last month right when Walt Disney World reopened have resulted in higher cancellations at the park than they’d first anticipated  – and their expectations weren’t all that high to begin with.CEO Bob Chapek and chief financial officer Christine McCarthy said, however, that the park is meeting the financial criteria set by Disney to sustain a reopening.

aired recorded audio of him seeming to confess to killings, has pleaded not guilty for the 2000 murder of Susan Berman. His trial first began on March 4 but was soon postponed to April 6 due to the pandemic.

LOS ANGELES -- The California murder trial of New York real estate heir Robert Durst is scheduled to resume before a jury in April after the multimillionaire rejected an offer Friday to let a judge decide his fate sooner. The case had been set to restart in July after a four-month delay because of the coronavirus outbreak but defense lawyers had objected over health concerns for jurors, themselves and their 77-year-old client.

Dance Club Songs chart on hiatus, we're asking reporting club DJs what they've been listening to lately, while at home, of course.This week, we spoke with Dallas DJ Ronnie Bruno; Cleveland's Mike Filly; and West Hollywood, California's Jason Lin.Ronnie Bruno Ronnie Bruno has been enjoying Purple Disco Machine's "In My Arms" (extended mix).

Youtube star Tana Mongeau has apologized for foolishly attending a large party, despite ongoing coronavirus alerts.The 22-year-old issued an apology via Instagram on Sunday after she violated the restrictions placed on large gatherings in California amid the health crisis.“Partying/going to any social gatherings during a global pandemic was such a careless and irresponsible action on my behalf,” she wrote. “I fully hold myself accountable for this + will be staying inside.

Andrei and Elizabeth's second wedding in Moldova is now up in the air after lingering tension between Andrei and her family.

With clubs closed across the country and Billboard's Dance Club Songs chart on hiatus, we're asking reporting club DJs what they've been listening to lately, while at home, of course. This week, we spoke with Orlando, Florida's DJ Joanie; Raleigh, North Carolina's Joey

Ted Johnson President Donald Trump said that plans for a large-scale Republican National Convention have been canceled, an acknowledgement of the flare-up in coronavirus cases in Jacksonville, FL.Instead, Trump said that convention activities will still take place in its original local, Charlotte, but more events would be virtual.

Baja Beach Fest 2021 is set to take place Aug. 13-15 with J Balvin, Anuel AA and Ozuna confirmed as headliners for the festival's third edition, the festival shares exclusively with Billboard first.

Bruce Haring pmc-editorial-managerAdd “eating and drinking while walking” to the list of things you can’t do at Walt Disney World in the pandemic era.Like some Las Vegas casinos, the park has banned consumption of food and drink on the move in order to ensure masks are worn at all times.Disney World has been under fire in some quarters for reopening at a time when COVID-19 cases are spiking, particularly in its home state of Florida.

Jake Paul is once again facing backlash. The 23-year-old YouTuber has come under fire for throwing a party in his Calabasas, California, mansion amid a rising number of coronavirus cases in the state.

Organizers said Wednesday they have canceled the 2021 Rose Parade because of the impact of the novel coronavirus pandemic on long-range planning for the New Year's Day tradition. The Pasadena, California, Tournament of Roses Association said the decision was put off until organizers were certain that safety restrictions would prevent staging of the 132nd parade.

Jill Goldsmith Co-Business EditorStocks, which had surged more than 500 points earlier in the day in a solid rally, reversed course suddenly and late in the session on dishearteninng news that Calliforina was reinstating a lockdown as COVID-19 cases continued to rise in the state.The DJIA had been up 564 points as earnings kicked off and as two drug companies, Pfizer and Germany’s Biontech, said they were fast tracked by the U.S.

Dave McNary Film ReporterCiting soaring coronavirus rates, Governor Gavin Newsom has ordered all movie theaters and bars to close immediately.The order, announced Monday, also covers wineries, family entertainment, zoos, museums and cardamoms.Newsom had announced on July 1 that there would be a three-week closure of dine-in restaurant service and movie theaters in Los Angeles County and 18 other counties. Nearly all indoor movie theaters in California have been closed since mid-March.

Brent Lang Executive Editor of Film and MediaIf movie theaters are banking on Christopher Nolan’s “Tenet” to ride to their rescue, they may have to wait a lot longer for help.That’s the takeaway from a new note by Eric Handler, a leading exhibition industry analyst with MKM Partners, who predicts that there’s a “low likelihood” that “Tenet” will open on Aug.

Naya Rivera was reported missing, an eyewitness says they saw the actress and her 4-year-old son, Josey.An eyewitness exclusively tells ET that they saw the former star and her son arrive at Lake Piru in the Los Padres National Forest in Ventura County, California, around 1 p.m. on Wednesday.